Chinese electric vehicle battery makers hike prices amid surging costs

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Chinese automobile and battery maker BYD Co Ltd reportedly plans to raise prices of major battery products by at least 20 per cent due to surging raw material costs, effective from November 1, according to state-run Securities Times, citing a company notice.

Prices of cathode material LiCoO2 have jumped more than 200 per cent in 2021 from 2020-level, prices of electrolyte have surged by more than 150 per cent and supply of . . .

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